Malaysian Stocks: Amanah Harta, Cahya Mata, Goldis, Supercomnet

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index (FBMKLCI) fell 0.3 percent to 1,583.75, the most since March 16. The gauge has gained 3.5 percent this quarter.

Amanah Harta Tanah PNB (AHP) (AHP MK) rose 2.9 percent to 1.07 ringgit, its largest gain since Sept. 6. The property trust sold two office buildings for 3.2 million ringgit ($1 million), it said in a statement.

Cahya Mata Sarawak Bhd. (CMS) declined 3.3 percent to 2.37 ringgit, its lowest close since Feb. 16. The builder and Rio Tinto Group have called off plans to jointly develop an aluminum smelter project in Malaysia’s eastern Sarawak state, CMS said in a stock-exchange filing. They dropped the plan after failing to reach commercial power-supply terms with Sarawak Energy Bhd., according to the statement.

Goldis Bhd. (GOLD) , an investment company with interests in property and water treatment, added 1 percent to 2.11 ringgit, its highest close since March 7. The company reported fourth-quarter net income of 18.9 million ringgit, compared with a loss of 2 million ringgit a year earlier, it said in a statement.

Supercomnet Technologies Bhd. (SCT) , a manufacturer of wires and cables, tumbled 42 percent to 21 sen, its biggest loss since June 2, 2010. Mohd Nazifuddin Najib won’t pursue an option to buy a 19 percent stake in the company from a group of shareholders, Supercomnet said in a statement.

To contact the reporter on this story: Gan Yen Kuan in Kuala Lumpur at ykgan@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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